The Pakistan Stock Exchange (PSX) witnessed a historic rally, with the benchmark KSE-100 Index surging by 9,926 points in a single session on Monday.
Following this significant jump, the index reached an unprecedented level of 117,104 points, marking one of the largest single-day gains in the market’s history.
Due to the extraordinary surge, trading was temporarily halted for one hour as a precautionary measure, in line with standard market volatility protocols.
The market experts are saying the investors are expressing trust in the market due to recent loan tranche approval by the International Monetary Fund (IMF) and the ceasefire agreement between Pakistan and India after a brief military escalation.
The stock market endured a turbulent week, with the KSE-100 index plunging 6,939 points, or -6.1% week-on-week (WoW), to close near 107,000 amid rising geopolitical tensions between Pakistan and India.
